Wealth Management
Top stories summarized by our editors
10/20/2017

Fiduciary laws drafted by individual states are creating confusion as debate continues over the Department of Labor's nationwide fiduciary standard. Nevada, Connecticut, New York, New Jersey and Massachusetts are among the states that have enacted or are working to enact such laws.

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Financial Advisor IQ
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Department of Labor
10/19/2017

The unbundling of research from other services is forcing money managers to assess the value of market analysis. Investors are expected to become more picky about research offerings when they come with a bill.

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other services
10/19/2017

Many Americans do not plan to relocate when they retire, with 43% of survey respondents ages 45 to 65 saying they plan to stay in their residence. However, 33% of preretirees plan to move, perhaps encouraged by a recovery in housing values.

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USA Today
10/19/2017

The Dow Jones industrial average closed above 23,000 Wednesday, but some experts say some softness is behind the record-setting rise. Technical analyst Frank Cappelleri suggests watching to see how the market reacts over the next few days.

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MarketWatch
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Dow, Frank Cappelleri
10/19/2017

Certain income sources can cause retired individuals to fall into a higher tax bracket than they were in while working. Dawn Reiss explores five ways retirees can lower their tax bill.

10/19/2017

Artificial intelligence could be the key to unlocking a competitive advantage and improved client experience, writes Jefferson National CEO Mitchell Caplan. AI can be used to automate routine tasks such as portfolio management, allowing advisors more time to focus on clients and tailor solutions, he adds.

10/19/2017

Recent hurricanes and earthquakes could lead to more losses for hedge funds investing in insurance-linked securities, according to Eurekahedge. Such hedge funds had experienced compound returns of 15.6% over the three-year period that ended in December, outpacing the overall hedge fund average of 12.2%, Eurekahedge data show.

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ValueWalk
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hedge funds
10/19/2017

Andrew Bailey, chief executive of the UK Financial Conduct Authority, on Tuesday defended the long-running system of cooperative arrangements allowing funds in one country to have managers in another. EU guidance says that London-based asset managers seeking to open hubs cannot create "letterbox" entities in the EU to have a post-Brexit presence there.

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Reuters
10/19/2017

The number of hedge funds trading cryptocurrencies rose from 55 in late August to 100 as of Wednesday, data from Autonomous NEXT shows. The increase came as bitcoin reached record highs, with the funds' assets totaling $2.2 billion.

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Reuters
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hedge funds
10/19/2017

The Philippine Stock Exchange could allow short selling as soon as the first quarter of 2018, with bourse President Ramon Monzon describing the mechanism as crucial to bringing in foreign investors. The exchange first needs to enhance securities borrowing and lending, possibly through the Philippine Depository and Trust Corp., Monzon said.

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Philippine Stock Exchange